Greece: “crisis” or “resistance”

2015-07-07 20:38

The people of Greece have made a brave choice by voting “No” to the terms of a continued eurozone bailout plan. The “No” vote is an extraordinary act of resistance, political resolution and will change the discussion in Europe.

By defying the upper-middle class, the masses voted no to austerity and said yes to independence and democracy. The punishing “austerity” program required by the European Central Bank (ECB) in return for an ECB loan to pay Greece’s creditors will further enslave the people of Greece.

This referendum demonstrates the will of the masses not to be sucked in by the government’s lie that it had spent too much money on its people.

Moreover, the voting result also reveals the wisdom to recognise that the banks had wrecked the country so that the oligarchs and multinational corporations could reap the benefits.

The ECB, World Bank and the International Monetary Fund (IMF) loans come with stringent strings attached. These banks are ruthless and oppressive institutions.

The IMF and the World Bank impose shameful policies and programmes on poor countries before lending them money. They profess to help the poor countries, but, rob and rape their resources through dictatorial contracts and devastating economic policies.

For many decades these vulture type banks have been sucking the blood of many countries, especially in Africa, Latin America and some parts of Europe.

John Perkins, in his book Confessions of an Economic Hit Man, explains how huge global corporate companies, via the IMF, generate massive profits at the expense of third-world countries.

Furthermore, Michel Chossudovsky in his book The Globalization of Poverty and the New World Order explains how the World Bank and IMF have contributed to poverty around the globe.

Loans and interest are problematical beasts. Greece’s current financial crisis is but one expression of the vast looting business that is at the centre of modern-day banking and financing.

No more bailout for bankers.

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AB praises selfless skipper

2010-11-21 18:15

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